November 28, 2023

TOP 20 Largest World Banks in 2018 by Total Assets

1 — Industrial and Commercial Bank of China (ICBC)

Country: China

Assets: $3 473 billion

Industrial and commercial Bank of China (ICBC) – is the world number 1 largest and richest bank.

It is a part of the “BIG FOUR” of fiscal controls of the Heavenly Empire; It controls almost 1/5 part of all banking in China

It has $3 473 billion assets according to the latest data, and its market capitalization totals $238 billion.

The Bank was founded in 1984 and now has more than 460 thousand of employees.

Its HQ (Head Quarter) is located in Peking. More than 70% of the corporation is the government property.

2 — China Construction Bank Corporation

Country: China

Assets: $3 016 billion

The Second in this rating and second by “size” bank of china founded in 1954 and now called “China Construction Bank”.

According to the latest data, it obtains $3 016 billion and its market capitalization totals more than $200 billion.

Originally, CCB was created for government exchanges, and only later, it was redeveloped into the commercial one.

The company includes more than 14 thousand departments all around the globe where 372 thousand employees work.

3 — Agricultural Bank of China

Country: China

Assets: $2 815 billion

ABoC was founded in 1951 by Mao Zedong to help collective farms, peasants and workers.

Currently, this bank entrenched inside fiscal and commercial corporations of China and the whole world.

HQ is also located in Peking, and it has near 24 thousand representatives in the country and abroad.

Total assets of Agricultural Bank of China collects more than $2 815 billion and its market capitalization makes $190 billion according to the latest data.

4 — Mitsubishi UFJ Financial Group

Country: Japan

Assets: $2 626 billion

This Japan holding company has $2,6 trillion assets what makes it one of the “best” banks in Japan.

Developed department network all around the world allows MUFG to perform in 40 different countries.

The company was created in 2005 on the merge of two largest banks of Japan, and its HQ locates in Osaka City.

5 — Bank of China ltd

Country: China

Assets: $2 611 billion

Bank of China is one of the oldest and most reliable in China. It was created in 1912 and still leads inside banking sector.

More than 70% of the company belongs to China Government, and it has offices in more than 20 countries abroad.

According the data, its assets collect near $2611 billion and its market capitalization makes $162 billion.

6 — JPMorgan Chase

Country: USA

Assets: $2 500 billion

JPMorgan Chase is one of the most emerging and popular bank in USA financial sector.

This company was founded in 2000 during merging of several huge banks as a result.

JPMorgan Chase HQ is located in New York City, Manhattan. It is one of the largest investment companies in the world.

Now its assets total $2500 billion and its market capitalization makes $225 billion.

7 — HSBC Holdings plc

Country: Great Britain (England)

Assets: $2 374 billion

London HSBC is one the biggest banks in Europe, totaling $2,4 trillion in its assets.

Originally, the purpose of its creation was to perform exchanges between Europe and China, and still it stays crucial in such actions.

Also it has more than 10 subsidiaries which perform all possible operations inside this sector.


8 — BNP Paribas

Country: France

Assets: $2 189 billion

BNP Paribas was founded in 1999, and now it tops the fiscal, banking and insurance ratings. Currently, the company has representatives all around the globe and HQs in Geneva, Paris and London.

Its assets compound $2189 billion and $73 billion of market capitalization.

9 — Bank of America (BoA)

Country: USA

Assets: $2 187 billion

BoA is the second largest bank of USA, which has an extensive range of fiscal services in the whole country and abroad.

HQ locates in Charlotte City, North Carolina.

According to the latest data, BoA balance has $2187 billion assets and its market capitalization sustains $163 billion.

10 — Wells Fargo

Country: USA

Assets: $1 930 billion

American bank Wells Fargo ends the TOP 10 of the largest world banks list. It has the balance of $1 930 billion in assets.

Wells Fargo is one of the largest companies in USA, which successfully controls larger part of the banking sector inside the country.

11 — 20

# Bank Country Assets
11 Crédit Agricole France $1816 b.
12 Citigroup USA $1790 b.
13 Mizuho Financial Group Japan $1752 b.
14 Deutsche Bank Germany $1675 b.
15 Sumitomo Mitsui Financial Group Japan $1648 b.
16 Barclays Plc.England England $1495 b.
17 Société Générale France $1453 b.
18 Banco Santander Spain $1413 b.
19 Groupe BPCE France France $1302 b.
20 Bank of Communications China $1209 b.


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